WASHINGTON (dpa-AFX) - Shares of Corning Incorporated (GLW) gained over 7%
on Monday after the company revised its second-quarter outlook to reflect strong
adoption of AI products.

GLW is currently trading at $41.25, up $2.81 or 7.31%, on the NYSE. The stock
opened its trading at $38.49 after closing Friday at $38.44. The stock has
traded between $25.26 and $41.32 in the past 52-week period.

Corning now expects second-quarter core earnings per share at the high end of or
slightly above its guided range of $0.42 to $0.46. The company now expects core
sales of around $3.6 billion, up from prior expectation of about $3.4 billion.

CEO Wendell Weeks said, 'The outperformance was primarily driven by the strong
adoption of our new optical connectivity products for Generative AI. These
results reinforce our confidence in 'Springboard' - Corning's plan to add more
than $3 billion in annualized sales in the next three years as cyclical factors
and secular trends combine.'

Corning is set to will report second-quarter results on July 30, 2024.



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